Retail Management
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Questions and Answers

Which of the following is NOT a key differentiator between retailing and shop keeping?

  • Native intelligence (correct)
  • Systems and Processes
  • Brand building
  • Customer Acquisition

    • What is the main focus of retailing?

  • Expanding to international markets
  • Shop keeping
  • Aggregating volumes and managing the supply chain efficiently (correct)
  • Building an online site or mobile app

    • What is the characteristic of international retailing?

  • Increasing globalization due to different behavior of consumer groups
  • Central control driven by excellent systems, processes, and information flow (correct)
  • Expanding to markets with different consumer groups and consumption patterns
  • No need to consider legal, fiscal, socio-economic, and cultural factors before expansion

    • What are the enablers of international retailing?

    <p>Common behavior of consumer groups</p> Signup and view all the answers

    What are the key factors to consider before expanding into international markets?

    <p>All of the above</p> Signup and view all the answers

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